NeoTerrex Minerals Discovers Neodymium Mineralization at its Revolver Project, Quebec
NeoTerrex Minerals Discovers Neodymium
Mineralization at its Revolver Project, Quebec
Ottawa, Ontario--(Newsfile Corp. - December 12, 2024) - NeoTerrex Minerals Corp. (TSXV: NTX)
("NeoTerrex" or the "Company") is pleased to announce the discovery of numerous Neodymium
occurrences at its Revolver project (the "Project"), near Saguenay, Quebec.
Highlights
21 new rare earth elements occurrences discovered
78 grab samples return Total Rare Earth Oxides (TREO) ranging from 0.3% to 7.16%
12 grab samples returning values above 1% TREO
NeoTerrex acquired the Project by staking following the discovery of Neodymium and Dysprosium in the
area during a recent government-sponsored geological mapping survey. The Project consists of 109
claims totalling 6,120 hectares located 39 kilometres east of the Niobec mine, a Niobium and rare
earths deposit and 35 kilometres of the town of Saguenay. The Project is near infrastructure and is
accessible by road.
NeoTerrex dispatched a team of geologists to the area to locate potential mineralization. 297 grab
samples from outcrop and angular boulders were collected during the Company's maiden exploration
program on the project and were assayed for rare earth elements. Results ranged from below detection
up to 7.16% TREO with best results shown in the table and map further below. The reader is cautioned
that grab samples are selective samples and may not necessarily be representative of the mineralization
hosted on the Revolver project.
Mathieu Stephens, NeoTerrex's President and CEO, stated, "We are pleased to add the Revolver
project to our portfolio of rare earths projects. Preliminary results, along with its easily accessible
location and the proximity of the Niobec mine, one of the largest Niobium and rare earths deposits in
North America, makes it an ideal opportunity to create additional value for the Company."
Figure 1
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Showing Name
UTME
UTMN
TREO (%)
Cobra I
386077
5380002
4.23
Walker
384250
5379281
1.17
Bulldog
385056
5381052
0.70
Anaconda
385652
5378564
6.80
Bossu
385899
5378591
0.89
Dragoon II
385405
5377884
0.69
Dragoon I
385431
5377925
1.01
Detective
387418
5381268
0.69
Blackhawk
386638
5383605
5.85
Rhino
381243
5378972
1.09
Musket I
386651
5379260
0.80
Musket II
386653
5379228
0.69
Magnum
385823
5379010
7.16
Bearcat
385026
5377749
1.02
Cobra II
386018
5379973
4.19
Diamondback
385640
5378525
5.34
Python
385751
5379516
0.72
Barracuda
385326
5380780
1.20
Redhawk
381229
5379125
2.09
Bodeo
381257
5378852
0.80
Cobra III
385959
5380012
0.96
QAQC
Analyses were performed by ALS Canada Ltd. with the analytical procedure performed in Vancouver
(BC). All samples were analyzed using the method ME-MS89L. Ce, Dy, La, Nd, Pr and Y were used for
monitoring the analyses.
Blanks and Certified reference materials (CRMs) with known grades (OREAS 463) were inserted
among the samples. Rare earth element concentrations were provided from a lithium borate fusion with
ICP-MS analysis (ME-ICP81 and ME-MS89L).
Qualified Persons
Technical and scientific aspects of this news release have been reviewed, verified, and approved by
Mathieu Stephens, P.Geo., President and CEO of NeoTerrex, the Qualified Person, as defined by
National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About NeoTerrex
The Company is currently advancing its prospective critical minerals projects located in the province of
Quebec with most located within or near areas with excellent infrastructure. NeoTerrex is positioning
itself to capitalize on the growing critical minerals sector in North America with the exploration and
development of new deposits.
For further information, please contact:
NeoTerrex Minerals Inc.
Mathieu Stephens, President & Chief Executive Officer
343-308-2648
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release may contain certain forward-looking information and statements, including without
limitation, statements pertaining to NeoTerrex's future plans, objectives or goals regarding the Revolver
project. All statements included herein, other than statements of historical fact, are forward-looking
information and such information involves various risks and uncertainties.
The Company does not
undertake to update any forward-looking information except in accordance with applicable securities
laws. There can be no assurance that such information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such information. A description of
assumptions used to develop such forward-looking information and a description of risk factors that may
cause actual results to differ materially from forward-looking information can be found in the Company's
disclosure documents on the SEDAR+ website at
www.sedarplus.ca
.
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